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FINM3401Sem22014StLuciaInternal
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1.GeneralCourseInformation
1.1CourseDetails
CourseCode:FINM3401CourseTitle:CorporateFinance
CoordinatingUnit:SchoolofBusiness
Semester:Semester2,2014Mode:Internal
Level:Undergraduate
Location:StLucia
NumberofUnits:2ContactHoursPerWeek:2L2T
PreRequisites:FINM2401
Restrictions:Quota:Minimumof35enrolments
Incompatible:FINM7402
CourseDescription:Indepthanalysisoffinancialissuesconfrontingmostcompanies.Strongfocuson
application&practicalrelevance.Topicsincludevaluation&projectanalysis,realoptionvaluation,capital
raising,financing&dividendpolicy,riskmanagement&corporatestrategy.
AssumedBackground:
Studentsareexpectedtohaveathoroughknowledgeofallmaterialcoveredinanintroductoryfinance
course,orcomparablebreadthanddifficultytoFINM2401Finance.Iemphasisethewords"thorough
knowledge"ofthismaterial.StudentswhoenrolinCorporateFinancewithoutthisknowledgefindthe
courseextremelydifficultandhaveasignificantlylowerprobabilityofsuccessfulcompletion.
1.2CourseIntroduction
Thiscoursecoversfivemajortopicsincorporatefinance:
1. transactions(suchasinitialpublicofferingsandmergers&acquisitions),
2. capitalstructure,
3. discountedcashflowvaluation
4. riskmanagementand
5. realoptionsvaluation.
Theaimistoprovideadeepunderstandingofthetheorythatformsthebasisofcorporatefinanceand
howthiscanbeappliedto"realworld"issues.
Beforeattemptingthiscourse,studentsareadvisedthatitisimportanttocompletetheappropriate
prerequisitecourse(s)listedonthefrontofthiscourseprofile.Noresponsibilitywillbeacceptedbythe
SchoolofBusiness,theFacultyofBusiness,EconomicsandLawortheUniversityofQueenslandfor
poorstudentperformanceoccurringincourseswheretheappropriateprerequisite(s)has/havenot
beencompleted,foranyreasonwhatsoever.
CourseChangesinResponsetoPreviousStudentFeedback
NotApplicable.
1.3CourseStaff
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CourseCoordinator:DrCarolineChenEmail:x.chen@business.uq.edu.au
Campus:StLuciaBuilding:JoyceAckroydBuilding(Map)Room:409
Lecturer:DrCarolineChen
Phone:33468108Email:x.chen@business.uq.edu.au
Campus:StLuciaBuilding:JoyceAckroydBuilding(Map)Room:409
AssociateLecturer:DrFaridaAkhtarEmail:f.akhtar@business.uq.edu.au
Campus:StLuciaBuilding:JoyceAckroydBuilding(Map)Room:410
1.4Timetable
TimetablesareavailableonmySInet.
AdditionalTimetableInformation
Itisimportantthatyousignupforalectureandtutorial.PleasechecksinetfortheLectureand
TutorialtimetableandsignupforalectureandTutorialthatworksbestforyourschedule.Alsonote
thatsignupisdoneonafirstcomefirstservedbasis.
2.Aims,Objectives&GraduateAttributes
2.1CourseAims
ThiscoursecoversthemajortopicsinCorporateFinancesuchasCapitalStructure,DividendPolicy,Real
Options,andInitialPublicOfferings.Theaimistoprovideadeepunderstandingofthetheorythatforms
thebasisofcorporatefinanceandhowthiscanbeappliedto"realworld"issues.
2.2LearningObjectives
Aftersuccessfullycompletingthiscourseyoushouldbeableto:
1Analysewhetheraproposedcorporatetransactionisinthebestinterestsofthefirm's
shareholders.
2Estimateafirm'sweightedaveragecostofcapitalunderclassicalandimputationsystems
andanalysetherelationshipbetweencapitalstructure,thecostofcapitalandvalue.
3Performadiscountedcashflowvaluationandanalyseitssensitivitytoalternativeassumptions
underlyingitscashflowsanddiscountrate.
4Estimatetheimpactonafirm'scashflowsfromimplementingariskmanagementpolicyusing
forwards,futuresandoptionscontractsandestimatetheintrinsicvalueofthosecontracts.
5Identifyrealoptionswhicharelikelytoaffectfirmvalueandperformarealoptionsvaluation.
6Determinethewaystofinanceprojects
2.3.GraduateAttributes
Successfullycompletingthiscoursewillcontributetotherecognitionofyourattainmentofthefollowing
UQ(UndergradPass)graduateattributes:
GRADUATEATTRIBUTE
LEARNING
OBJECTIVES
A.INDEPTHKNOWLEDGEOFTHEFIELDOFSTUDY
A1.Acomprehensiveandwellfoundedknowledgeinthefieldofstudy. 1,2,3,4,5,6
A4.Anunderstandingofhowotherdisciplinesrelatetothefieldofstudy. 1,2,3,4,5,6
A5.Aninternationalperspectiveonthefieldofstudy. 1,2,3,4,5,6
B.EFFECTIVECOMMUNICATION
B1.Theabilitytocollect,analyseandorganiseinformationandideasand
toconveythoseideasclearlyandfluently,inbothwrittenandspoken
forms.
1,2,3,4,5,6
B2.Theabilitytointeracteffectivelywithothersinordertoworktowardsa
commonoutcome.

B3.Theabilitytoselectandusetheappropriatelevel,styleandmeansof
communication.
1,2,3,4,5,6
B4.Theabilitytoengageeffectivelyandappropriatelywithinformation
andcommunicationtechnologies.
1,2,3,4,5,6
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C.INDEPENDENCEANDCREATIVITY
C1.Theabilitytoworkandlearnindependently. 1,2,3,4,5,6
C3.Theabilitytogenerateideasandadaptinnovativelytochanging
environments.
1,2,3,4,5,6
C4.Theabilitytoidentifyproblems,createsolutions,innovateand
improvecurrentpractices.
1,2,3,4,5,6
D.CRITICALJUDGEMENT
D1.Theabilitytodefineandanalyseproblems. 1,2,3,4,5,6
D2.Theabilitytoapplycriticalreasoningtoissuesthroughindependent
thoughtandinformedjudgement.
1,2,3,4,5,6
D3.Theabilitytoevaluateopinions,makedecisionsandtoreflect
criticallyonthejustificationsfordecisions.
1,2,3,4,5,6
E.ETHICALANDSOCIALUNDERSTANDING
E1.Anunderstandingofsocialandcivicresponsibility.
E2.Anappreciationofthephilosophicalandsocialcontextsofa
discipline.
1,2,3,4,5,6
E4.Aknowledgeandrespectofethicsandethicalstandardsinrelationto
amajorareaofstudy.
1,2,3,4,5,6
E5.Aknowledgeofotherculturesandtimesandanappreciationof
culturaldiversity.

3.LearningResources
3.1RequiredResources
JonathanBerkandPeterDeMarzoCorporateFinance,3
rd
edition,Pearson.

Additionalreadings,notes,problemsandspreadsheetswillbepostedtothecoursewebsite.

3.2RecommendedResources
Notapplicable.

3.3UniversityLearningResources
Accesstorequiredandrecommendedresources,pluspastcentralexampapers,isavailableattheUQ
Librarywebsite(http://www.library.uq.edu.au/lr/FINM3401).
TheUniversityoffersarangeofresourcesandservicestosupportstudentlearning.Detailsare
availableonthemyServiceswebsite(https://student.my.uq.edu.au/).
3.4SchoolofBusinessLearningResources
Notapplicable.
3.5OtherLearningResources&Information
AllcoursesaresupportedbytheUQLearningManagementSystem,BlackboardLearn,whichprovides
aninteractiveenvironmentforthestudentsandteachers.ThisisaccessibleviaPCorMacorMobile
(Apps)environment.
TologontoBlackboard,gotohttps://learn.uq.edu.au.
AsBlackboardisawebbasedapplication,youwillneedarecentlyreleasedbrowserforyourcomputer.
Foracurrentlistofsupportedbrowsersseehttps://help.blackboard.com/en
us/Learn/9.1_SP_12_and_SP_13/Student/040_Browser_Support_for_SP_13.
ThelatestbrowsersareavailableonlinefromtheUQconnectwebsiteat
http://uqconnect.net/helpdesk/downloadsoronthefreeCDsavailablefromAskI.T.andUQconnect
desks.ContactAskI.T.on(07)33658811http://www.library.uq.edu.au/askitorUQconnecton(07)
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33656000.
4.Teaching&LearningActivities
4.1LearningActivities
Date Lecture Tutorial
28Jul
3Aug
MonFri
CapitalBudgeting
LearningObjectives:1,3
Readings/Ref:Book(Chapter4,7,8and
sections22.56)
4Aug
10Aug
MonFri
CostofCapital
LearningObjectives:2
Readings/Ref:Book(Chapter12and
sections5.3and8.1)
MonFri
Tutorial1:CapitalBudgeting
LearningObjectives:1,3
Readings/Ref:Book(Chapter4,7,8and
Sections22.56)
11Aug
17Aug
MonFri
NoLecture:duetopublicholiday
MonFri
Tutorial2:CostofCapital
LearningObjectives:2
Readings/Ref:Book(Chapter12and
sections5.3and8.1)
18Aug
24Aug
MonFri
FinancialOptions
LearningObjectives:4
Readings/Ref:Book(Chapter20,Section
21.2)
MonFri
Tutorial3:questionscoveringLecture1&2
LearningObjectives:1,2,3
25Aug
31Aug
MonFri
RealOptions:AssetOptions
LearningObjectives:5
Readings/Ref:Book(Chapters22)
MonFri
Tutorial4:FinancialOptions
LearningObjectives:4
Readings/Ref:Book(chapter20,Section
21.2)
1Sep
7Sep
MonFri
CapitalStructureI:inaperfectworld
LearningObjectives:6
Readings/Ref:Book(Chapters14)
MonFri
Tutorial5:RealOptions
LearningObjectives:5
Readings/Ref:Book(Chapter22)
8Sep
14Sep
MonFri
CapitalstructureII:withtaxes
LearningObjectives:6
Readings/Ref:Book(Chapter15)
MonFri
Tutorial6:CapitalStructureI
LearningObjectives:6
Readings/Ref:Book(Chapter14)
15Sep
21Sep
MonFri
CapitalStructureIII:Financialdistress
costs,agencycosts&agencybenefits
LearningObjectives:6
Readings/Ref:Book(Chapter16)
MonFri
Tutorial7:CapitalStructureII
LearningObjectives:6
Readings/Ref:Book(Chapter15)
22Sep
28Sep
MonFri
PayoutPolicy
LearningObjectives:2,6
Readings/Ref:Book(Chapter17)
MonFri
Tutorial8:CapitalStructureIII
LearningObjectives:6
Readings/Ref:Book(Chapter16)
29Sep
5Oct
MonFri
TeachingBreak:NoLecture
MonFri
TeachingBreak:NoTutorial
6Oct
12Oct
MonFri
NoLecture:duetopublicholiday
MonFri
Tutorial9:PayoutPolicy
LearningObjectives:2,6
Readings/Ref:Book(Chapter17)
13Oct
19Oct
MonFri
Equity&Debt
LearningObjectives:6
Readings/Ref:Book(Chapter23and24)
MonFri
Tutorial10::questionscoveringLecture3to
8
LearningObjectives:2,4,5,6
20Oct
26Oct
MonFri
MergersandAcquisitions
LearningObjectives:1
Readings/Ref:Book(Chapter28)
MonFri
Tutorial11:Equity&Debt
LearningObjectives:6
Readings/Ref:Book(Chapter23&24)
27Oct
2Nov
MonFri
ReviewLecture
LearningObjectives:1,2,3,4,5,6
MonFri
Tutorial12:Mergers&Acquisitions
LearningObjectives:1
Readings/Ref:Book(Chapter28)
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4.2OtherTeachingandLearningActivitiesInformation
Tutorial/SmallGroupSessions
Tutorials/SmallgroupsessionsinthiscourseareconductedeachweekcommencinginTeachingWeek
2.Classsizesarelimited.TimesandregistrationforthesesessionsareavailablethroughmySINet.
Youmustsignonforyourpreferredsessionelectronically.Shouldyouexperienceproblems,please
contacttheteachingstaffinTeachingWeek1.Onceyouareincludedinagroup,youshouldattendthat
grouponlyeachweek.Changeswillbepermittedonlyinexceptionalcircumstances,andonlyafter
discussionwithteachingstaff.ItistheCourseCoordinator'sexpectationthattutorialsinthiscoursewill
beconductedinaprofessionalandconscientiousmanner.
Consultation
Teachingstaffaretheretoassistyou.Staffmembershavesetconsultationtimesduringwhichyoumay
seethemwithoutmakinganappointment.Consultationtimesforstaffarepostedonthecoursewebsite
andonindividualstaffmember'sdoors.Consultationoutsideofthesetimesisbyappointmentonly.If
youhavequestionsorpointsthatrequireclarification,youmayvisitduringconsultationtimes.Ifstaff
membersareunavailable,leaveamessagewithyournameandtelephonenumberorsendtheman
email.Whereapplicable,youmayalsousethecourse'sonlineDiscussionstoseekassistancefromboth
yourpeersandstaff.Messageswillbepostedonthismediumregularlyandyoumusttakethetimeto
readtheseeachweek.Allcontentrelateddiscussions(ieannouncementsaboutthecourse)willtake
placeintheMaintopicthatisapublicforumthateveryoneinthecourseisabletoaccessandread.
Administration
Allcontentrelatedquestionsandspecificquestionsretheadministrationofthiscourseshould,inthe
firstinstancebedirectedtothetutor/sinvolvedindeliveryofthecourse.Contentmattersthatcannot
bedealtwithbythetutorshouldthenbereferredtothecoursecoordinator.Generaladministrative
questions(forexamplecentrallytimetabledexams,roomvenues,etc)maybeaddressedtotheUQ
BusinessSchoolOfficeonLevel2ColinClarkBuilding,StLuciaCampus.
5.Assessment
5.1AssessmentSummary
Thisisasummaryoftheassessmentinthecourse.Fordetailedinformationoneachassessment,see5.5
AssessmentDetailbelow.
AssessmentTask DueDate Weighting
Learning
Objectives
ExamMidSemesterOutside
ScheduledClass
Midsemesterexam
TBASept6th,13thor20th 35% 1,2,3,4,5
ExamduringExamPeriod
(Central)
Finalexam
ExaminationPeriod 65% 1,2,3,4,5,6
5.2CourseGrading
GradeX:Noassessableworkreceived.
Grade1,Fail:Failstodemonstratemostorallofthebasicrequirementsofthecourse:

Grade2,Fail:Demonstratescleardeficienciesinunderstandingandapplyingfundamentalconcepts
communicatesinformationorideasinwaysthatarefrequentlyincompleteorconfusingandgivelittle
attentiontotheconventionsofthediscipline:

Grade3,Fail:Demonstratessuperficialorpartialorfaultyunderstandingofthefundamentalconceptsof
thefieldofstudyandlimitedabilitytoapplytheseconceptspresentsundevelopedorinappropriateor
unsupportedargumentscommunicatesinformationorideaswithlackofclarityandinconsistent
adherencetotheconventionsofthediscipline:

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Grade4,Pass:Demonstratesadequateunderstandingandapplicationofthefundamentalconceptsofthe
fieldofstudydevelopsroutineargumentsordecisionsandprovidesacceptablejustification
communicatesinformationandideasadequatelyintermsoftheconventionsofthediscipline:

Grade5,Credit:Demonstratessubstantialunderstandingoffundamentalconceptsofthefieldofstudy
andabilitytoapplytheseconceptsinavarietyofcontextsdevelopsoradaptsconvincingargumentsand
providescoherentjustificationcommunicatesinformationandideasclearlyandfluentlyintermsofthe
conventionsofthediscipline:

Grade6,Distinction:Asfor5,withfrequentevidenceoforiginalityindefiningandanalysingissuesor
problemsandincreatingsolutionsusesalevel,styleandmeansofcommunicationappropriatetothe
disciplineandtheaudience:

Grade7,HighDistinction:Asfor6,withconsistentevidenceofsubstantialoriginalityandinsightin
identifying,generatingandcommunicatingcompetingarguments,perspectivesorproblemsolving
approachescriticallyevaluatesproblems,theirsolutionsandimplications:

OtherRequirements&Comments:
GradeswillbeallocatedaccordingtoUniversitywidestandardsofcriterionBasedAssessment.
Grade CutOff%Range
1(SeriousFail) 029
2(Fail) 3046
3(Fail) 4749
4(Pass) 5064
5(Credit) 6574
6(Distinction) 7584
7(HighDistinction) 85+
5.3LateSubmission
Requestsforthegrantingofextensionsmustbemadeinwriting(notviaemail)totheCourse
Coordinatoratleast24hourspriortothesubmissiondate.Therequestmustalsocontain
documentationsatisfactorilysupportingtherequest.Ifanextensionisapproved,thenewagreeddate
forsubmissionwillbenotedontheapplicationtogetherwiththeCourseCoordinator'sandthestudent's
signaturesandacopyreturnedtothestudent.
Items(forwhichnoextensionhasbeengranted)submittedaftertheduedateandtime,incuralate
submissionpenalty.Thepenaltyisattherateof5%(0.4ofagrade)ofthetotalavailablemarksfor
thatparticularpieceofassessment,foreachcalendardayorpartthereofthattheitemisoverdue.
Theabovelatesubmissioninformationdoesnotapplytohonourstheses,8unitresearchtheses,4unit
researchprojectsand2unitresearchreports.Forextensionandlatesubmissioninformationinrelation
tothesecoursesseesection5.4ofthecourseprofile.
5.4OtherAssessmentInformation
ASSIGNMENTSUBMISSION
AllassignmentsaretobeelectronicallysubmittedtothecourseBlackboardsite.Allinstructionsarein
theAssessmentsectionoftheBlackboardcoursesite.Thisisinadditiontoanyotherarrangementthat
yourcoursecoordinatorinstructsyouintheECPAssessmentSummary.
DEFERREDEXAMS
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MidsemesterExaminations
Astudentwhofailstositthemidsemesterexaminationand/orthemultiplechoicetestatthescheduled
timeswillbeawardedamarkofzero,unlesstheHeadofSchoolissuppliedwithanApplicationfora
DeferredMidsemesterExaminationwithappropriatedocumentationsatisfactorilyexplainingthe
student'sabsence.Theapplicationmustbesubmittedeitherpriortothescheduleddateofthemid
semesterexam,ornolaterthanfivedaysafterthemidsemesterexamination.Thedeferredmid
semesterexaminationswilltakeplaceonSaturday11October2014.Alldeferredmidsemester
examinationswithintheBusinessSchoolwilltakeplaceonthisdate.Atimetableforthedeferredmid
semesterexaminationswillbeavailableearlyintheweekcommencing7October2014.
Thiswillbetheonlyopportunitytotakethedeferredmidsemesterexamination.Anystudentwhois
grantedadeferredmidsemesterexaminationandwhofailstoattendattheappointedtimeandplace
willbeawardedamarkofzeroaspertheUniversitysGeneralAwardRules.Theprocessforapplying
fordeferredmidsemesterexamsisasfollows:
1. ApplicationsfordeferredmidsemesterexaminationsmustbemadeonlinethroughSiNet.
InformationabouttheprocessofapplyingandtheonlineformcanbefoundviamySinet>
myRequests>DeferredExaminationRequests.
2. Youwillreceiveanemailtoyourstudentemailaccount(within3businessdays)indicatingwhether
ornotyourapplicationhasbeenapproved.
3. Anyenquiriesregardingmidsemesterdeferredexaminationsshouldbedirectedtothe
ExaminationsOfficer,exams.officer@business.uq.edu.au.
Saturdaymidsemesterexaminationdates:
Saturday6September2014
Saturday13September2014
Saturday20September2014
FinalExaminations
Astudentwhoisunabletositorcompleteascheduledfinalexaminationmustapplyforadeferred
examinationnolaterthan5daysafterthedatetheoriginalexaminationwasheld.Applicationsshould
belodgedataStudentCentre.Facultiesmayapproveapplicationsfordeferredexaminationsunderthe
broadheadingsmedical,compassionateorexceptionalcircumstances.Deferredexaminationsarenot
automaticallygranted.Forfurtherinformation(suchasevidencerequiredandtimelimits)pleasesee
MyAdvisorhttp://www.uq.edu.au/myadvisor/index.html?page=2995.
SUPPLEMENTARYASSESSMENT
Supplementaryassessmentisanadditionalopportunitytodemonstratethatthelearningrequirements
forthecoursehavebeensatisfiedandthatthegraduateattributesforthecoursehavebeenattained.
SupplementaryassessmentwillbegrantedonlywheretheGeneralAwardRulesandProgramRules
allow.
ForallUQBusinessSchoolcoursessupplementaryassessmentisweightedat100%andcoversthe
learningoutcomesforthecourse.Thismeansthatthemarksobtainedforanyprogressiveassessment
throughoutthesemesteraredisregardedandthefinalresultforthecourseisbasedentirelyonthe
performanceinthesupplementaryassessment.
Thehighestgradethatcanbereceivedforsupplementaryassessmentisagradeof4.
ForfurtherinformationonsupplementaryassessmentpleaseseeMyAdvisor
http://www.uq.edu.au/myadvisor/?page=2954.
CALCULATORPOLICY
Ifacalculatorispermittedforuseinanexaminationinthiscourse,thecalculatormustcomplywiththe
UniversityofQueenslandCalculatorScheme.Wherecalculatorsarepermittedforuseinthe
examination,studentsareadvisedtoensurethatthecalculatorcomplieswiththetypenominatedby
yourcoursecoordinator.Unlessthetypeisunrestricted,thecalculatormustbeeitheraCasioFX82
seriescalculator,orhavean'approvedlabel'attachedwhichcanbeobtainedfromtheStudentCentre.
PleaserefertomyAdvisorsitehttp://www.uq.edu.au/myadvisor/examcalculatorsforinformationon
theuseofcalculatorsinexaminations.
5.5AssessmentDetail
Midsemesterexam
Type:ExamMidSemesterOutsideScheduledClass
LearningObjectivesAssessed:1,2,3,4,5
DueDate:
TBASept6th,13thor20th
Weight:35%
Reading:10minutes
Duration:90minutes
Format:Multiplechoice
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TaskDescription:
ThemidsemesterexamwillbeheldononeofthreesaturdayssetasidebytheuniversityforMid
Semestertest.Thesedatesare:6thSeptember,13thSeptemberor20thSeptember.Theexactexam
dateistobeconfirmed.AnnouncementwillbemadeonBlackboardtoconfirmthecoverageofthemid
semesterexamoncetheexamdateisconfirmed.
Ifyouareunabletosittheexambecauseofillnessorothervalidreasons,youneedtofollowUQ
BusinessSchool'sprocedurerelatingtoDeferredExams.
Criteria&Marking:
Multiplechoicequestionswillbemarkedbycomputer.Theproblemsinthetextbookareeasierthanyou
canexpectontheexams.Theproblemsinthetextbookarebasicquestionsandrequirelittle
application.Usethesetotestyourknowledgeofthebasicsbeforemovingontomorechallenging
questions.
Finalexam
Type:ExamduringExamPeriod(Central)
LearningObjectivesAssessed:1,2,3,4,5,6
DueDate:
ExaminationPeriod
Weight:65%
Reading:10minutes
Duration:120minutes
Format:Shortanswer,Problemsolving
TaskDescription:
Alltopicsareexaminable.Thefinalexamwillconsistofshortanswerandproblemsolvingquestions.
Criteria&Marking:
Shortanswerandproblemsolvingquestionsaremarkedbasedonstudent'sworkingandfinalanswers.
Partialcreditisgivenforrightmethod.Theproblemsinthetextbookareeasierthanyoucanexpecton
theexams.Theproblemsinthetextbookarebasicquestionsandrequirelittleapplication.Usetheseto
testyourknowledgeofthebasicsbeforemovingontomorechallengingquestions.
6.Policies&Guidelines

Thissectioncontainsthedetailsofandlinkstothemostrelevantpoliciesandcourseguidelines.For
furtherdetailsonUniversityPoliciespleasevisitmyAdvisorandthePolicyandProceduresLibrary.
6.1AssessmentRelatedPoliciesandGuidelines
UniversityPolicies&Guidelines
AnoverviewoftheUniversitysassessmentrelatedpoliciescanbefoundonmyAdvisor
(http://www.uq.edu.au/myadvisor/index.html?page=2910).
AcademicIntegrity
ItistheUniversity'stasktoencourageethicalscholarshipandtoinformstudentsandstaffabout
theinstitutionalstandardsofacademicbehaviourexpectedoftheminlearning,teachingand
research.Studentshavearesponsibilitytomaintainthehigheststandardsofacademicintegrityin
theirwork.Studentsmustnotcheatinexaminationsorotherformsofassessmentandmustensure
theydonotplagiarise.
Plagiarism
TheUniversityhasadoptedthefollowingdefinitionofplagiarism:
Plagiarismistheactofmisrepresentingasone'sownoriginalworktheideas,interpretations,
wordsorcreativeworksofanother.Theseincludepublishedandunpublisheddocuments,
designs,music,sounds,images,photographs,computercodesandideasgainedthrough
workinginagroup.Theseideas,interpretations,wordsorworksmaybefoundinprint
and/orelectronicmedia.
StudentsareencouragedtoreadtheUQStudentIntegrityandMisconductpolicy
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(http://ppl.app.uq.edu.au/content/3.60.04studentintegrityandmisconduct)whichmakesa
comprehensivestatementabouttheUniversity'sapproachtoplagiarism,includingtheapproveduse
ofplagiarismdetectionsoftware,theconsequencesofplagiarismandtheprinciplesassociatedwith
preventingplagiarism.
ApplicationsforExtensions
Medicalgrounds:Applicationsforextensiononmedicalgroundsshallbemadebylodgingthe
ApplicationforExtensionofProgressiveAssessmentformandsupportingdocumentationatthe
locationoutlinedinSection5.3oftheElectronicCourseProfileforthecourseconcerned.
Exceptionalcircumstances:Applicationsforextensiononthegroundsofexceptional
circumstancesshallbemadetotherelevantCourseCoordinator/ProgramDirectorbylodging
theApplicationforExtensionofProgressiveAssessmentformandapersonalstatement
outliningthegroundsfortheapplicationatthelocationandbytheduedateoutlinedinSection
5.3oftheElectronicCourseProfileforthecourseinwhichthisapplicationismade.Ifthe
exceptionalcircumstancesaresuchthatthestudentcannotreasonablybeexpectedtohave
compliedwiththeseconditions,acaseshouldbemadeastowhytheseconditionscouldnotbe
met.
Outcomeofapplication:Studentswillbeadvisedoftheoutcomeoftheirapplicationviatheir
studentemail.

FeedbackonAssessmentFeedbackisessentialtoeffectivelearningandstudentscanexpectto
receiveappropriateandtimelyfeedbackonallassessment.Foradetailedexplanationofthe
feedbackyouareentitledto,youshouldconsultthepolicyonStudentAccesstoFeedbackon
Assessment.(https://ppl.app.uq.edu.au/content/3.10.02assessment)

Asastudentyouhavearesponsibilitytoincorporatefeedbackintoyourlearningmakeuseofthe
assessmentcriteriathatyouaregivenbeawareoftherules,policiesandotherdocumentsrelated
toassessmentandprovideteacherswithfeedbackontheirassessmentpractices.
Therearecertainstepsyoucantakeifyoufeelyourresultdoesnotreflectyourperformance.
PleaserefertothemyAdvisorwebsite.(http://www.uq.edu.au/myadvisor/index.html?page=2953)

SchoolofBusinessAssessmentGuidelines
SchoolofBusinessAssessmentGuidelines
StudentNoticesarepostedprogressivelyontheUQBusinessSchoolwebsite
http://www.business.uq.edu.au/student_notices
ReviewingAssessment
TheAssessmentViewingRegisterproceduresare:
1. GotoCurrentStudentStudentNoticesExamViewingonlineformherethenlogin.
2. StudentsshouldloginusingtheirnormalUQname(e.g.s9990000)andpassword.
PolicyonConsultationforProgressiveAssessment
Whilststaffmembersaregenuinelysympathetictoassessmentgrievances,individualreviewsof
progressiveassessmentarenotfeasibleonalargescale.Accordingly,followingthereleaseof
marks,consultationwillbestrictlylimitedasfollows:
Studentswillbeseenonlyindesignatedconsultationhours,orbyappointment.
Noconsultationwilloccuronthedayofthereleaseofmarks.
Theconsultationperiodwillbelimited.
Priorityatalltimeswillbegiventothosestudentswhodidnotachievethepassmarkforthat
pieceofassessment.
PerusalofFinalExaminationPapers
Studentsarepermittedtoperusetheirfinalexaminationpapersbutshouldnotethatthisisnotan
opportunitytoseekremarkingofpapers.
Thesessionsarescheduledduringweeks1and2oftheteachingweekinbothsemesteroneand
twoandinthecaseofsummerexaminationsduringweeks1and2inthefollowingsemesterone.
Theonlyopportunityforstudentstoviewtheirfinalexampaperisduringtheabovesessions.
Exampaperscannotbeviewedbyapproachingindividualstaffoutsideofthesetimes,except
forprospectivegraduands.
Studentscompletingtheirfinalcoursesandgraduatingmaywishtoseetheirfinalexambefore
graduation.
Suchcasesarehandledonacasebycasebasiswiththeindividualstaffmember.
Thestudentwillbegiventheirexampaperandthesuggestedanswers(orthemarkingguide)
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whichtheymayviewonsite.
Noexampapersmaybetakenoutoftheviewingroom.
Nobagsmaybetakenintotheviewingroom.
Atthetimeofviewingtheexampapers,theCourseCoordinatorortheirauthoriseddelegate
mustbeavailableintheviewingroom.
AppealAgainstResults
Shouldastudentfeelthatthemarkallocateddoesnotreflectthestandardofher/hiswork,then
she/heisencouragedtodiscussthematterwiththeCourseCoordinator.Intheeventofcourse
baseddisputesnotbeingresolvedwiththeCourseCoordinator,thestudentmayappealtothe
relevantHeadofSchoolandthentheAssociateDeanAcademicoftheBELFaculty.
6.2OtherPoliciesandGuidelines
UniversityPoliciesandGuidelines
PlacementCourses
Studentsonaplacementcoursealsoknownasaworkplacement,internship,industrystudy,
industryexperience,clinicalpractice,clinicalplacement,practicalwork,practicum,fieldwork,
teachingpracticeshouldrefertotheUniversitypolicy,PlacementCourses
(https://ppl.app.uq.edu.au/content/3.10.04placementcourses)fordetailedinformation.

WorkingwithChildren
Studentswhosestudiesincludeaprofessional/workplacement,internship,clinicalpractice,teaching
practiceorothersimilaractivitywhichinvolvestheminregularcontactwithchildrenshouldreferto
theUniversitypolicy,WorkingwithChildrenCheck"bluecard"
(http://ppl.app.uq.edu.au/content/1.60.07workingchildren)tofindouthowtoapplyforabluecard.

StudentswithaDisability
Anystudentwithadisabilitywhomayrequirealternativeacademicarrangements,including
assessment,inthecourse/programisencouragedtoseekadviceatthecommencementofthe
semesterfromaDisabilityAdvisoratStudentServices.RefertotheUniversitypolicy,Studentswitha
Disability(DisabilityActionPlan)(https://ppl.app.uq.edu.au/content/3.50.08alternativeacademic
arrangementsstudentsdisability)andtothepolicyonSpecialArrangementsforExaminationsfor
StudentswithaDisability(https://ppl.app.uq.edu.au/content/3.50.09arrangementsreasonable
adjustmentsexaminationsstudentsdisability#Procedures).
Whileitistheresponsibilityoftherelevantfacultytoliaisewithprofessionalandregistrationbodies
regardingtheacceptabilityofanyadjustmenttoanacademicprogram,theUniversityHealthService
canarrangeappropriateadviceandassistanceonpersonalandpublichealthissues.
OccupationalHealthandSafety
UndergraduateandPostgraduateStudentsshouldbefamiliarwiththeUniversitypolicieson
occupationalhealthandsafetyinthelaboratory(https://ppl.app.uq.edu.au/content/2.30.14
occupationalhealthandsafetylaboratory).
OtherSchoolofBusinessGuidelines
ComputingFacilities
CoursesofferedbyUQBusinessSchoolutilisetheinternetandothercomputerfacilities.Students
shouldbefamiliarwiththeseresourcespriortoundertakingacourse.AskIT,availablethroughthe
UniversityofQueenslandLibrary,offerscomputinghelpandtrainingfreetoUQstudents.Contact
theAskITDesk,Level2DuhigBldgatStLucia.
LearningSummary

Belowisatableshowingtherelationshipbetweenthelearningobjectivesforthiscourseandthebroader
graduateattributesdeveloped,thelearningactivitiesusedtodevelopeachobjectiveandtheassessment
taskusedtoassesseachobjective.
LearningObjectives
Aftersuccessfullycompletingthiscourseyoushouldbeableto:
1Analysewhetheraproposedcorporatetransactionisinthebestinterestsofthefirm's
shareholders.
2Estimateafirm'sweightedaveragecostofcapitalunderclassicalandimputation
systemsandanalysetherelationshipbetweencapitalstructure,thecostofcapitaland
value.
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3Performadiscountedcashflowvaluationandanalyseitssensitivitytoalternative
assumptionsunderlyingitscashflowsanddiscountrate.
4Estimatetheimpactonafirm'scashflowsfromimplementingariskmanagementpolicy
usingforwards,futuresandoptionscontractsandestimatetheintrinsicvalueofthose
contracts.
5Identifyrealoptionswhicharelikelytoaffectfirmvalueandperformarealoptions
valuation.
6Determinethewaystofinanceprojects
Assessment&LearningActivities
LearningObjectives
1 2 3 4 5 6
LearningActivities
CapitalBudgeting(Lecture)
CostofCapital(Lecture)
Tutorial1:CapitalBudgeting(Tutorial)
NoLecture(Lecture)
Tutorial2:CostofCapital(Tutorial)
FinancialOptions(Lecture)
Tutorial3(Tutorial)
RealOptions(Lecture)
Tutorial4:FinancialOptions(Tutorial)
CapitalStructureI(Lecture)
Tutorial5:RealOptions(Tutorial)
CapitalstructureII(Lecture)
Tutorial6:CapitalStructureI(Tutorial)
CapitalStructureIII(Lecture)
Tutorial7:CapitalStructureII(Tutorial)
PayoutPolicy(Lecture)
Tutorial8:CapitalStructureIII(Tutorial)
TeachingBreak:NoLecture(Lecture)
TeachingBreak:NoTutorial(Tutorial)
NoLecture(Lecture)
Tutorial9:PayoutPolicy(Tutorial)
Equity&Debt(Lecture)
Tutorial10:(Tutorial)
MergersandAcquisitions(Lecture)
Tutorial11:Equity&Debt(Tutorial)
ReviewLecture(Lecture)
Tutorial12:Mergers&Acquisitions(Tutorial)
AssessmentTasks
Midsemesterexam
Finalexam
GraduateAttributes
Successfullycompletingthiscoursewillcontributetotherecognitionofyourattainmentofthe
followingUQ(UndergradPass)graduateattributes:
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LearningObjectives
1 2 3 4 5 6
GraduateAttributes
AINDEPTHKNOWLEDGEOFTHEFIELDOFSTUDY
A1.Acomprehensiveandwellfoundedknowledgeinthefieldofstudy.
A4.Anunderstandingofhowotherdisciplinesrelatetothefieldof
study.
A5.Aninternationalperspectiveonthefieldofstudy.
BEFFECTIVECOMMUNICATION
B1.Theabilitytocollect,analyseandorganiseinformationandideas
andtoconveythoseideasclearlyandfluently,inbothwrittenand
spokenforms.
B2.Theabilitytointeracteffectivelywithothersinordertowork
towardsacommonoutcome.

B3.Theabilitytoselectandusetheappropriatelevel,styleandmeans
ofcommunication.
B4.Theabilitytoengageeffectivelyandappropriatelywith
informationandcommunicationtechnologies.
CINDEPENDENCEANDCREATIVITY
C1.Theabilitytoworkandlearnindependently.
C3.Theabilitytogenerateideasandadaptinnovativelytochanging
environments.
C4.Theabilitytoidentifyproblems,createsolutions,innovateand
improvecurrentpractices.
DCRITICALJUDGEMENT
D1.Theabilitytodefineandanalyseproblems.
D2.Theabilitytoapplycriticalreasoningtoissuesthroughindependent
thoughtandinformedjudgement.
D3.Theabilitytoevaluateopinions,makedecisionsandtoreflect
criticallyonthejustificationsfordecisions.
EETHICALANDSOCIALUNDERSTANDING
E1.Anunderstandingofsocialandcivicresponsibility.
E2.Anappreciationofthephilosophicalandsocialcontextsofa
discipline.
E4.Aknowledgeandrespectofethicsandethicalstandardsinrelation
toamajorareaofstudy.
E5.Aknowledgeofotherculturesandtimesandanappreciationof
culturaldiversity.

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